An automatically perfected security interest in consumer goods when a merchant or lender offers financing to a borrower to purchase goods is called a(n) Multiple Choice Purchase-money security interest Perfection by operation of law UCC-2 perfecting statement Floating lien
An automatically perfected security interest in consumer goods when a merchant or lender offers financing to a borrower to purchase goods is called a(n)
Purchase-money security interest
Perfection by operation of law
UCC-2 perfecting statement
Floating lien
Destin has missed several payments on his loan from Willshire Bank. While Whillshire Bank has attempted to work with Destin to pay according to the terms of the loan, they have had no success. Therefore, which of the options below is available?
Whillshire Bank can force Destin into bankruptcy proceedings.
Whillshire Bank can file a criminal complaint.
Whillshire Bank can declare the loan in default and institute a mortgage foreclosure.
Willshire Bank can file a complaint to have Destin evicted from his house.
Any assumption that environmental laws are not pertinent to a particular business’s operation may be costly in terms of __________ and may result in missed opportunities for proactive business planning and risk control.
omission
redactions
maximums
liability
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